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Posts related to ‘WB’

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10 CEOs To Go For 2009: Vikram Pandit of Citigroup (C, WFC, WB)

Posted: December 2, 2008 at 1:13 pm

Citigroup, Inc. (NYSE: C) is still in a pinch despite more than a 100% bounce from recent lows, and its still-relatively new CEO is caught right in the middle of ...
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Market Assuming Citigroup (C) Will Go The Way Of AIG (AIG) Or Wachovia (WB)

Posted: November 19, 2008 at 3:43 pm

The market is treating Citigroup (C) as if it knows something about the bank's near-term fortunes and that something is not good. Shares in the bank have been off 21% ...
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Wells Fargo Offering Larger Than A Super-IPO (WFC, WB, BRK-A)

Posted: November 6, 2008 at 7:00 pm

Wells Fargo & Company (NYSE: WFC) has priced that monster share offering.  Rather than $10 billion being raised, it is more like $11 billion.  The banking giant priced 407.5 million ...
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Barclays (BCS) Shows Why Taxpayer Bailouts Are Junk

Posted: October 31, 2008 at 5:08 am

Barclays (BCS) turned down cash from the UK government. Unlike most large US banks, it did not want to trade independence for money. Companies such as Goldman Sachs (GS), JP ...
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Financial Crisis Cost Moves Toward $25 Trillion

Posted: October 28, 2008 at 5:21 am

No one with an abacus, a calculator, or a mainframe will ever know what the global credit crisis has cost in real money. Lost jobs means lost tax revenue. Lost ...
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Treasury

Companies Beyond Financial Sector Want Bailout Cash, A Bad Idea (C)(WFC)(NCC)(WB)

Posted: October 26, 2008 at 6:48 am

Too many mouths to feed. Someone will have to starve.Now that Henry Paulson has $700 billion and some discretion about how to spend it companies from car manufacturers to airlines ...
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Angrybear

The Shorts Get Out Of Banks And Into Tech (C)(WFC)(WB)(BAC)(MBI)(AIG)(INTC)(MSFT)(ORCL)(DELL)(QCOM)(SIRI)(F)

Posted: October 25, 2008 at 4:52 am

For the period ending October 15, short sellers got out of most banks and brokerage stocks. That is a shame for them. They could have made a killing this week.The ...
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What The NCC (NCC) Deal Says About Bank Balance Sheets

Posted: October 24, 2008 at 9:46 am

NCC (NCC) was bought today by PNC in what most people would view as a classic "takeunder" The price of the deal was well below where the shares traded yesterday.NCC's ...
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Unemply

Recession Deepens: Another Five Million Unemployed And Bottom Fishing Becomes An Art

Posted: October 24, 2008 at 4:43 am

No matter where economists look there is no evidence that a recession in the US, EU, and Asia is doing anything but deepening. The stock markets are the least of ...
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Wachovia (WB): Being In Banking Gets Worse

Posted: October 22, 2008 at 6:21 am

It is a good thing Wachovia (WB) will not have to go it alone. It would not make it.Wachovia  reported a net loss in the third quarter of 2008 of ...
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Wells Fargo Looking More and More Like The Old Citigroup Model (WFC, WB, C)

Posted: October 13, 2008 at 11:52 am

Wells Fargo & Co. (NYSE: WFC) is the latest of the banking giants to look like the old Citigroup Inc. (NYSE: C) business model.  This became the case with the ...
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Newspaper

Media Digest 10/13/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

Posted: October 13, 2008 at 2:49 am

According to Reuters, world markets are waiting to see how the bailout of banks in Europe and the US will work.Reuters reports that Japan's Mitsubishi UFJ Financial Group is looking ...
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Angrybear

Merrill Lynch (MER), Wachovia (WB), And Morgan Stanley (MS) Deals Could Fail

Posted: October 10, 2008 at 4:10 am

A few days ago, it would have been nearly impossible to believe that the deals for Bank of America (BAC) to buy Merrill Lynch (MER), for Mitsubishi UFJ to buy ...
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Newspaper

Media Digest 10/10/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

Posted: October 10, 2008 at 2:54 am

According to Reuters, the US is looking at guaranteeing billions of dollars of bank debt and temporarily insuring all bank deposits.Reuters reports that Citigroup (C) has ended talks about taking ...
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Citigroup (C) And Wells Fargo (WFC) Find A Cowpie On Wachovia’s (WB) Books

Posted: October 9, 2008 at 5:17 am

The most wonderful thing about the current financial crisis is that it is a monument to human optimism. Every day executives and government officials signal that things may be getting ...
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